Chinese banks to finance $800m OmniVision acquisition

Bank of China and China Merchants Bank are arranging a $800 million loan to fund a Chinese consortium’s acquisition of Nasdaq-listed OmniVision.

Chinese banks to finance $800m OmniVision acquisition

Bank of China and China Merchants Bank are arranging a loan facility of about $800 million to finance a Chinese consortium's $1.9 billion acquisition of US-listed OmniVision Technologies, according to two sources familiar with the matter.

The Chinese consortium comprises Beijing-based Hua Capital Management, Citic Capital and Goldstone Investment, a subsidiary of Citic Securities. Bank of China is the mandated lead arranger and sole bookrunner and China Merchants Bank is the lead arranger....

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES